Wyden Statement on OECD Global Minimum Tax Guidance Benefitting U.S. Taxpayers
Washington, D.C.— Senate Finance Committee Chairman Ron Wyden, D-Ore., issued the following statement today on the new guidance from the OECD related to the global minimum tax agreement: “There are concrete wins for American taxpayers and businesses in this announcement, particularly for companies involved in our clean energy sector that’s booming as a result of the Inflation […]
Wyden Statement on IRS Rooting Out Wealthy Tax Cheats
Washington, D.C.—Senate Finance Committee Chairman Ron Wyden, D-Ore., issued the following statement today on the announcement that the IRS had successfully closed 175 delinquent tax cases involving millionaires: “Democrats promised better taxpayer service and a crackdown on wealthy tax cheats when we passed the Inflation Reduction Act, and this new report shows that the IRS […]
Wyden, Crapo Announce Finance Markup of Pharmacy Benefit Manager Proposals
Washington, D.C. – Senate Finance Committee Chair Ron Wyden (D-Ore.) and Ranking Member Mike Crapo (R-Idaho) today announced that the committee will mark up legislative proposals to modernize and enhance federal prescription drug programs on Wednesday, July 26th at 2 p.m. The committee package will focus on addressing pharmacy benefit manager practices that have grown […]
Wyden, Crapo Solicit Policy Input on Taxation of Digital Assets
Washington, D.C. – Senate Finance Committee Chairman Ron Wyden, D-Ore., and Finance Committee Ranking Member Mike Crapo, R-Idaho, today launched an effort to address uncertainties surrounding the tax treatment of digital assets with an open letter seeking input from experts, stakeholders and interested parties. “The rapid emergence of digital assets has raised novel regulatory issues, […]
Wyden Statement on Supreme Court Hearing Moore v. United States
Washington, D.C.—Senate Finance Committee Chairman Ron Wyden, D-Ore., issued the following statement today on the announcement that the Supreme Court will hear Moore v. United States, a case dealing with the parameters of Congressional authority to levy taxes: “The petitioners in Moore are hoping the Supreme Court will toss out a Ninth Circuit ruling along […]
Wyden, Collins to Introduce Bill Bringing Marriage Equality to the Tax Code
Washington, D.C. – Today, on the ten-year anniversary of the Supreme Court ruling in United States v. Windsor, Senate Finance Committee Chair Ron Wyden (D-Ore.) and Senator Susan Collins (R-Maine) announced the reintroduction of bipartisan legislation providing equal dignity in the tax code for all legal marriages. The Equal Dignity for Married Taxpayers Act, which […]
Wyden and Cassidy Introduce Legislation to Allow Americans with Disabilities to Work Without Worry
Washington, D.C. – Senate Finance Committee Chairman Ron Wyden (D-OR), and Senator Bill Cassidy (R-LA), today introduced legislation to remove a Social Security work disincentive for Americans with disabilities. The Work Without Worry Act would allow Americans with disabilities to work to their full potential without causing them to lose out on higher Social Security […]
Wyden Hearing Statement on Cattle Supply Chains, Amazon Deforestation
The Finance Committee has broad jurisdiction over trade, a keen interest in fighting for strong environmental protections, and a commitment to leveling the playing field for American workers, farmers, ranchers and businesses. Today’s hearing is focused on a multinational meat producer turning a blind eye as parts of its supply chain burn down the Amazon, […]
Senate Finance Committee Leaders Call for Elimination of India’s Barriers to U.S. Products to Strengthen U.S.-India Trade Ties and Benefit American Workers
Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., and Ranking Member Mike Crapo, R-Idaho, today called for President Biden to push India’s Prime Minister Narendra Modi to eliminate major barriers to U.S. trade and investment, during the upcoming state visit this week. “The United States and India share a close partnership, grounded in […]
Wyden Statement on PhRMA Lawsuit to Ban Medicare Prescription Drug Negotiation
Washington, D.C. — Senate Finance Committee Chair Ron Wyden, D-Ore., today issued a statement after the Pharmaceutical Research and Manufacturers of America (PhRMA) filed a lawsuit against provisions in the Inflation Reduction Act written to lower the cost of prescription drugs for seniors and taxpayers: “It’s no surprise that Big Pharma wants to stop Medicare […]